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Listed by Andy Ludlow • eXp Realty, LLC

$229,900

Est. payment - /mo

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5 Beds

2 Baths

2,028 SqFt

Active

506 Lawrence AVE Indianapolis, IN 46227

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Jamie Spitler, CLHMS

jamie@cbstiles.com +1(317) 652-0436

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,028 sqft

Price per Sqft $113

Subdivision Homedell

MLS Listing ID 22123665

Bedrooms 5

Full Baths 1

Half Baths 1

HOA Y/N No

Year Built 1954

Tax Year 2025

Lot Size 0.260 Acres

Acres 0.26

Property Sub-Type Single Family Residence

Property Description

Welcome to this spacious 5-bedroom, 1.5-bath(2BRs in basement do not have egress window) Bedford stone ranch offering far more space than you might expect! With a full basement, 2-car attached finished garage, and multiple living areas, this home provides plenty of room to live, entertain, work, and customize to your needs. Start your mornings relaxing on the covered front porch with a cup of coffee, then step inside to a welcoming interior featuring newer luxury vinyl plank flooring, vinyl windows, an updated bathroom, and two beautiful built-in hutches in the dining room. The family room offers a wood-burning fireplace perfect for holiday gatherings. The full basement with 2nd wood burning fireplace creates another warm and inviting gathering space & adds tremendous flexibility and potential. The large open area could easily become a game room, recreation area, home theater, or entertainment space. Two additional rooms with closets provide possibilities for offices, hobby rooms, guest space, or potential 4th and 5th bedrooms, depending on your needs. The attached 2-car garage is finished and offers additional convenience and storage. Recent major improvements include a high-efficiency furnace and air conditioner replaced within the past 3-4 years, PEX water lines, and 200-amp electrical service. The property's flexible layout and zoning/use possibilities make it an intriguing opportunity for a variety of uses, including residential, commercial use, or an investment/short-term rental property. The main floor and basement living areas may also offer the possibility of splitting into 2 separate living spaces, with access from the garage, to house hack(rent potential cover some or all mortgage) or double the rental income. Conveniently located near shopping, schools, parks, major highways, downtown Indianapolis, and Greenwood. Whether you're looking for a spacious home, investment opportunity, or a property with room to create something uniquely your own!

Location

State IN

County Marion

Rooms

Basement Full, Storage Space

Main Level Bedrooms 3

Kitchen Kitchen Galley

Interior

Interior Features Entrance Foyer, Paddle Fan, Hi-Speed Internet Availbl, Wood Work Painted

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplaces Number 2

Fireplaces Type Basement, Family Room, Recreation Room, Wood Burning

Equipment Sump Pump

Fireplace Y

Appliance Dishwasher, Electric Water Heater, Disposal, Electric Oven, Refrigerator

Exterior

Exterior Feature Barn Mini, Fire Pit

Garage Spaces 2.0

Water Access Desc Public

Building

Story One

Foundation Block

Water Public

Architectural Style Ranch, Traditional

Structure Type Stone

New Construction false

Schools

School District Perry Township Schools

NEARBY SCHOOL & BUSINESS

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Jamie Spitler, CLHMS

Team Leader RBRB17000110

+1(317) 652-0436

506 Lawrence AVE Indianapolis, IN 46227

Jamie Spitler, CLHMS

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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506 Lawrence AVE